MMG Signs MoU with GSK Engineering

07/09/2015 10:50 AST

Mohammad Al Mojil Group Company announces the signing of a memorandum of understanding on 01-09-2015 with GSK Engineering & Construction Co. Ltd. for Strategic Alliance for New Projects, MOU will be effective from 01-09-2015 for 5 years.

The MOU is intended to raise competitive edge for both partners and win new medium and large scale projects like Riyadh and Jeddah metro projects.Note that no related parties in this MOU.

The MOU is signed in the course of the Restructure Plan followed by Mohammad Al Mojil Group (MMG) that prioritizes quality services like qualified labor, scaffolding, utilization of MMG fabrication facilities located in Rabigh and Dammam to manufacture steel sections, boilers, pressure tanks, piping foundations, platforms, together with the provision of labor camps, catering, equipment, strategic facilities such as mobile lifts, generators, high roof trailers, excavators, hydraulic hammers, compacting and leveling rollers combined with other services needed by contracting companies like GSK that looks forward for more active corporate presence in the Saudi market.

Commenting on the MOU, MMG CEO Eng. Hafiz Shafei said: This alliance comes in time where MMG is recovering and making progress on employee related issues like work permit and Iqama renewal, regularization of salary payments and claim collection. Eng. Shafei added: This MOU would uplift MMG's competitiveness and allow it access to new projects to re balance financial stance and return to the market anew. GSK chairman Mr. Yohan Kim said: Such partnership with a reputable company like MMG affords us better chance to complete the current projects and solicit new ones.

It really supports our know how transfer plans to localize wide spectrum of specialties in which GSK has an edge as we are now contemplating opportunities to utilize MMG Training Center to qualify Saudi Youth by training them under Korean experts on GSK models to produce high caliber technicians that are badly needed by the Saudi market.

Tadawul